Ukraine

Poland to give 100 million euro loan to Ukraine

9 april 2015 | 10:20

President of Ukraine Petro Poroshenko has commented on granting loan by Poland and told where the money would go to.

Бронислав Коморовский, Петр Порошенко
President Poroshenko tells where the Polish loan will go to
The loan provided by Poland to Ukraine worth 100 million euro will be spent on the development of border checkpoints and modernization of power plants.

This has been announced by Ukrainian President Petro Poroshenko on Wednesday, April 8, during a briefing with the head of the Polish Republic Bronislaw Komorowski.

"50 million euro will be spent on development of checkpoints on the Ukrainian-Polish border, which will greatly reduce the time to cross the border and will serve as a powerful anti-corruption measure. The rest of the loan will be used for modernization of power plants and other objects of energy generation, which will be converted for use on Ukrainian and Polish gaseous coal instead of anthracite," – commented President Poroshenko.

According to the Ukrainian president, several Ukrainian energy generating companies, which use anthracite have been already chosen.

Read more: US military column enters Poland

According to President Poroshenko, this will allow power plants to be no longer dependent on the situation in the occupied territories.

Poroshenko holds talks with President Bronislaw Komorowski, who is with official visit in Ukraine.

Source: ZN.UA

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